Homegrid Forum
- Assets
- $11.7k
- Revenue
- $125.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Beaverton, OR
- Founding
- 05/2009
- Data as of
- 12/2023
- EIN
- 26-2264575
Organization Overview
Homegrid Forum is located in Beaverton, OR. The organization was established in 2009. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Homegrid Forum is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Homegrid Forum generated $125.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (6.2%) each year. All expenses for the organization totaled $149.8k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (6.3%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HOMEGRID FORUM IS A GLOBAL, NON-PROFIT TRADE GROUP PROMOTING THE INTERNATIONAL TELECOMMUNICATION UNION'S G.HN STANDARDIZATION EFFORTS FOR NEXT-GENERATION HOME NETWORKING. HOMEGRID PROMOTES ADOPTION OF G.HN THROUGH TECHNICAL AND MARKETING EFFORTS, ADDRESSES CERTIFICATION AND INTEROPERABILITY OF G.HN-COMPLIANT PRODUCTS, AND COOPERATES WITH COMPLEMENTARY INDUSTRY ALLIANCES. BY DEVELOPING A WORLDWIDE STANDARD USING A UNIFIED MAC/PHY FOR COAXIAL, PHONE LINE AND POWERLINE NETWORKING, IT G.HN ENABLES OPERATORS TO DEPLOY HOME NETWORKS MOST COST-EFFECTIVELY; ENABLES CONSUMER ELECTRONICS MANUFACTURERS TO DEVELOP COST-EFFECTIVE CONNECTED HOME EQUIPMENT FOR THE WORLDWIDE MARKET; AND PROVIDES CONSUMERS A RANGE OF INTEROPERABLE PRODUCTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARKETING EFFORTS INCLUDED PROMOTION AND MARKETING OF HOMEGRID AND ITU-T G.HN WHILE SEEKING TO ADVANCE AWARENESS IN THE INDUSTRY OF G.HN TECHNOLOGY. THROUGH THESE CHANNELS COMPANIES ARE EDUCATED ABOUT THE DEVELOPING TECHNOLOGY. PROMOTION OF HOMEGRID CONTINUED THROUGH ATTENDANCE AT TRADESHOWS, SPEAKING ENGAGEMENTS, WHITEPAPERS, PUBLIC RELATIONS AND ETC.
COMPLIANCE AND INTEROPERABILITY(C&I) DEVELOPMENT EFFORTS INCLUDED SEEKING TO ENSURE INDUSTRY COMPLIANCE AND INTEROPERABILITY WITH THE ITU G.HN STANDARD. THESE EFFORTS WILL ENSURE HOMEGRID MEMBERS, AND THE INDUSTRY AS A WHOLE, ARE ADHERING TO THE SPECIFICATION AND RECOMMENDED GUIDELINES. ORGANIZATION MEMBERS MEET FREQUENTLY TO REVIEW SPECIFICATION DEVELOPMENT AND WORK TOWARD SOLIDIFICATION OF A PROGRAM WHICH WILL ALLOW FOR REGULAR INDUSTRY TESTING AND MONITORING OF SPECIFICATION DEVELOPMENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Livia Rosu President | OfficerTrustee | 5 | $0 |
Quentin Cellarius Treasurer | OfficerTrustee | 1 | $0 |
Tom Barnett Vice Preside | OfficerTrustee | 1 | $0 |
Paul Keator Chairman | OfficerTrustee | 1 | $0 |
Hyung-Jin Park Director | Trustee | 1 | $0 |
Diana Oh Executive Di | Officer | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $125,000 |
| Investment income | $1 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $125,001 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $57,918 |
| Fees for services: Legal | $2,594 |
| Fees for services: Accounting | $3,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $30,292 |
| Office expenses | $2,441 |
| Information technology | $8,186 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $38,254 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,323 |
| All other expenses | $4,600 |
| Total functional expenses | $149,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,661 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $11,661 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $11,661 |
| Total liabilities and net assets/fund balances | $11,661 |